As the Indian stock market opens for trading on January 2, 2025, several companies are set to capture investor attention. This article highlights the key stocks to watch today, including Tata Motors, Maruti Suzuki, CSB Bank, South Indian Bank, RailTel Corporation, and NMDC. Each company has made headlines recently, and their performances could significantly influence market trends.
Market Overview
The Indian stock markets began 2025 on a positive note, with both the Sensex and Nifty ending higher on January 1. The BSE Sensex climbed 368.40 points, or 0.47%, to close at 78,507.41, while the NSE Nifty50 added 98.10 points, or 0.41%, settling at 23,742.90. This rally was supported by strong buying in sectors like auto and banking ahead of the Q3 results season.
Stocks to Watch
Here are the key stocks to monitor today:
Tata Motors
Tata Motors reported a 1% increase in domestic sales for December 2024, achieving 76,599 units sold compared to 76,138 units in December 2023. The company’s passenger vehicle sales also rose by 1%, reaching 44,289 units, while commercial vehicle sales dipped by 1% to 33,875 units. Investors will be keen to see how these figures impact Tata Motors’ stock performance today.
Maruti Suzuki
Maruti Suzuki announced a remarkable production increase of 30.3% in December 2024, producing 157,654 vehicles compared to 121,028 vehicles in the same month last year. This strong performance is expected to boost investor sentiment and may lead to a positive reaction in the stock market.
CSB Bank
CSB Bank has reported impressive quarterly results with a 26.45% year-on-year increase in gross advances, reaching ₹28,914 crore. Additionally, total deposits grew by 22.17% to ₹33,406 crore. These strong financials may enhance investor confidence in CSB Bank’s stock today.
South Indian Bank
South Indian Bank also showcased solid growth in its quarterly earnings. Gross advances increased by 11.94%, totaling ₹86,965 crore, while total deposits grew by 6.3% to ₹1,05,378 crore. The CASA ratio stood at 31.16%, indicating stable growth for the bank and attracting potential investors.
RailTel Corporation of India
RailTel Corporation has secured a significant work order worth ₹78.43 crore from Bharat Coking Coal Ltd., which involves providing integrated IT-based security infrastructure and various services. This contract is expected to enhance RailTel’s project portfolio and could positively affect its stock performance.
NMDC
NMDC reported a 5.1% increase in iron ore production for December 2024, totaling 4.71 million tonnes (MT) compared to 4.48 MT a year ago. However, iron ore sales fell by 6.7%, dropping to 3.91 MT from 4.19 MT during the same period. Investors will be watching how these production figures influence NMDC’s stock today.
Ambuja Cements
Ambuja Cements received regulatory clearances for its merger with Adani Cementation on January 1, with both the BSE and NSE issuing letters of no adverse observations regarding the amalgamation scheme. This positive development may bolster investor confidence in Ambuja Cements’ stock.
Ugro Capital
Ugro Capital has entered into an acquisition agreement for shares in “MyShubhLife,” an embedded finance fintech platform based in Bangalore. The completion of this acquisition is subject to certain conditions being met and could enhance Ugro Capital’s growth prospects.
Ind-Swift Laboratories
Ind-Swift Laboratories completed the purchase of land measuring 40 bighas at Derabassi, Punjab, for ₹17.72 crore to set up a new formulations facility. This expansion could positively impact the company’s future growth and attract investor interest.
Deepak Spinners
Deepak Spinners announced that Punam Chand Sharma has resigned as Chief Financial Officer effective January 1 due to personal reasons. Investors will be monitoring any potential impacts this leadership change may have on the company’s operations.
Ashoka Metcast
Ashoka Metcast also experienced a leadership change as Dipak Pandit Nikam resigned from his position as Chief Financial Officer effective January 1 for personal reasons. Investors will be watching how this transition affects the company moving forward.
Conclusion
As we enter January 2, 2025, these stocks are poised to play significant roles in shaping market trends today. Investors should closely monitor the performances of Tata Motors, Maruti Suzuki, CSB Bank, South Indian Bank, RailTel Corporation, NMDC, Ambuja Cements, Ugro Capital, Ind-Swift Laboratories, Deepak Spinners, and Ashoka Metcast as they respond to recent developments and quarterly earnings reports.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions. Investments in securities are subject to market risks; read all related documents carefully before investing.
